Federated Correlations

FIGKX Fund  USD 9.72  0.02  0.21%   
The correlation of Federated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Federated Correlation With Market

Significant diversification

The correlation between Federated U S and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Federated U S and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Federated U S. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Federated Mutual Fund

  0.75EASDX Eaton Vance ShortPairCorr
  0.99VFIRX Vanguard Short TermPairCorr
  0.99VFISX Vanguard Short TermPairCorr
  0.99VSGBX Vanguard Short TermPairCorr
  0.66VSBIX Vanguard Short TermPairCorr
  0.99VSGDX Vanguard Short TermPairCorr
  1.0FUMBX Fidelity Short TermPairCorr
  0.97ECLDX Eaton Vance ShortPairCorr
  0.97EALDX Eaton Vance ShortPairCorr
  0.74EILDX Eaton Vance ShortPairCorr
  0.7JSEAX Jpmorgan InternationalPairCorr
  0.7PG Procter GamblePairCorr
  0.64MCD McDonaldsPairCorr
  0.7JNJ Johnson JohnsonPairCorr
  0.67KO Coca ColaPairCorr

Moving against Federated Mutual Fund

  0.65RSNRX Victory Global NaturalPairCorr
  0.64RSNYX Victory Global NaturalPairCorr
  0.55SMPIX Semiconductor UltrasectorPairCorr
  0.47SMPSX Semiconductor UltrasectorPairCorr
  0.41RGNCX Victory Global NaturalPairCorr
  0.56AXP American ExpressPairCorr
  0.53BA BoeingPairCorr
  0.5AA Alcoa CorpPairCorr
  0.48BAC Bank of America Aggressive PushPairCorr
  0.45MSFT MicrosoftPairCorr
  0.44HPQ HP IncPairCorr
  0.43CAT CaterpillarPairCorr
  0.33HD Home DepotPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
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MODXXPBMXX
HEWXXPBMXX
0P000070L2PBMXX
QCMMIXPBMXX
AEYXXPBMXX
  
High negative correlations   
AEYXXQCMMIX
AEYXX0P000070L2
QCMMIX0P000070L2
AEYXXHEWXX
QCMMIXHEWXX
0P000070L2HEWXX

Risk-Adjusted Indicators

There is a big difference between Federated Mutual Fund performing well and Federated Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Federated's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.